TEMPLE, Texas—The Temple Economic Development Corporation (Temple EDC) today announced that the Temple City Council approved a resolution at the May 16 regular meeting to nominate McLane Company, Inc., as an Enterprise Project for participation in the Texas Enterprise Zone program. The Texas Enterprise Zone is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment.
McLane is planning an $11 million expansion at its global headquarters in Temple. With this project, more than 620 full-time jobs will be retained at the McLane facilities in Temple. The two buildings that comprise the McLane global headquarters are not located within the Enterprise Zone, so McLane has also committed to meeting the program’s criteria to hire 35 percent additional employees for new and turnover positions.
“While new businesses moving to Temple are always exciting to celebrate, supporting our existing businesses and enabling their growth is also a crucial component of effective economic development efforts,” said Charley Ayres, Temple EDC vice president. “McLane is a company we are proud to claim as a successful global business based in Temple. It is vital that we do all we can to support expanding companies. The Temple Mayor and City Council further demonstrate a pro-business attitude by passing the resolution in support of this Enterprise Zone project.”
McLane’s expansion project includes significant investments during the next five years in the company’s information technology infrastructure, office equipment, furniture and fixtures at its North Campus, located at 4747 McLane Parkway, and its South Campus, located at 6201 NW H.K. Dodgen Loop, both in Temple.
With the enterprise project nomination, McLane is eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is based on the capital investment and jobs created or retained at the business’ location. The refund, which is allocated on a per-job basis and cannot exceed 500 total jobs, ranges from a minimum of $2,500 per job to a maximum of $7,500 per job.
An ordinance approved in August 2010 authorized the City of Temple to participate in the Enterprise Zone Program. The City must approve a resolution for each nomination of a Temple business to the Texas Enterprise Zone.
Up to six projects can be nominated per legislative biennium for the Texas Enterprise Zone, under the statewide cap of 105 projects. Local communities must nominate a company as an Enterprise Project to be eligible to participate in the Enterprise Zone Program.
Legislation limits allocations to the state and local communities per biennium. The State of Texas accepts applications quarterly with deadlines on the first working day of March, June, September and December. McLane plans to submit an application prior to the June 3 deadline.
About McLane Company, Inc.
McLane Company, Inc., is a $33-plus billion supply chain services leader, providing grocery and foodservice supply chain solutions for convenience stores, mass merchants and drug stores, as well as chain restaurants throughout the United States. With 40 modern distribution centers and one of the nation’s largest private fleets, the company optimizes the purchase, flow and sale of products from thousands of suppliers to over 65,000 locations. In addition, McLane provides alcoholic beverage distribution via its acquisitions of Empire Distributors, Inc., Horizon Wine & Spirits and Delta Wine & Spirits. McLane is a wholly owned unit of Berkshire Hathaway Inc. (NYSE: BRK) and employs 15,000 teammates globally. For more information, please visit www.mclaneco.com.
About the Texas Enterprise Zone
The Texas Enterprise Zone is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state. Local communities must nominate a company as an Enterprise Project to be eligible to participate in the Enterprise Zone Program. Once nominated, businesses can apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created or retained at the qualified business site. For more information, visit http://www.window.state.tx.us/taxinfo/enterprise_zone/ez_program.html
Temple, Texas, is a community with a diverse economic base that includes healthcare, distribution and warehousing, and manufacturing as its foundation. Within 200 miles of a population of 19 million, Temple is in a strategic location that is central within the Southwest U.S. marketplace. Visit choosetemple.com.